Tag: tea party

PROOF that tax cuts do not create jobs: Bush’s decade was a lost decade for U.S. economy, workers (via Under the Mountain Bunker)

On By southwerkIn business ethics3 Comments

I always thought that once supply side economics failed in the 1980’s, the idea would be dead. That was a major miscalculation on my part. The idea that cutting taxes raises revenue is so much fun for some people, that facts do not inconvenience them.

James Pilant

PROOF that tax cuts do not create jobs: Bush's decade was a lost decade for U.S. economy, workers From the Washington Post: There has been zero net job creation since December 1999. No previous decade going back to the 1940s had job growth of less than 20 percent. Economic output rose at its slowest rate of any decade since the 1930s as well. Middle-income households made less in 2008, when adjusted for inflation, than they did in 1999 — and the number is sure to have declined further during a difficult 2009. The Aughts were the first decade … Read More

via Under the Mountain Bunker

Policy failures of the GOP: the debt could disappear if the rich paid taxes at 1960s levels (via Under the Mountain Bunker)

On By southwerkIn business ethics3 Comments

Well, yeah. I knew that.

James Pilant

Is anyone surprised by this? Yet discussion of increasing tax revenues from the wealthy and corporations is off the table,  no compromise, according to the teaparty Republicans. If Corporations And The Rich Paid Taxes At The Same Level As The 1960s, The Debt Would Disappear … [Institute for Policy Studies’ (IPS) Sam] Pizzigati cites an IPS paper from last spring to make the argument that if corporations and households making more than $1 millio … Read More

via Under the Mountain Bunker

On Unemployment (via The essence of mathematics is its freedom)

On By southwerkIn business ethics

In this articles, a British student thinks about the job market and the unemployed. This guy thinks his own way based on the data before him. In my opinion as an instructor, he may not make a lot of money, but he will spend his life in the world of ideas with a mind never subject to boredom because of inaction. He will live a life rich in thought and deed.

Maybe, just maybe, he hears the music of the spheres.

James Pilant

Firstly it isn't always obvious whether or not technology is a good thing. Tale of two countries the divide between Silicon Valley and the rest of America I came across the above article from Hackers News,and it got me thinking about disruptive technology and its effects on workers. Recently in a conversation with a close friend, he was annoyed at me when I pointed out I could using Maths probably get a job easily once I graduate. With the blend … Read More

via The essence of mathematics is its freedom